Global Advanced Visualization Market

Global Advanced Visualization Market Size, Trends, and Analysis - Forecasts To 2026 By Product & Services (Services, Hardware, and Software), By Type of Solution (Standalone Workstation-Based Solutions, Enterprise-Wide Thin Client-Based Solutions), By Imaging Modality (Nuclear Medicine, MRI, PET, CT, Ultrasound, Radiotherapy (RT)), By Clinical Application (Cardiology, Neurology, Oncology, Radiology/Interventional Radiology, Orthopedics, Vascular, Others), By End-User (Hospitals and Surgical Centers, Academic and Research Centers, Imaging Centers, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Healthcare
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Advanced Visualization Market: Insights

Advanced visualization is a new method of diagnosis that provides the user with a visualization tool that ultimately results in improved imaging and image technique capabilities. The information produced can be tailored according to the specifications of the doctors, helping to increase the level of understanding and deliverable qualities for health care.Advanced visualization devices are diagnostic equipment fitted with advanced software that effectively shows the various aspects of a living cell. The lead time taken by physicians to report the outcome to the patient is minimized by these systems. For different clinical uses, these devices are commonly used in pathological laboratories.

Technological developments in advanced visualization technology & applications, the growing aging population, the growing prevalence of chronic illness, increasing awareness of the advantages of advanced visualization software in disease diagnosis, and the need for effective and early diagnosis are the factors that drive the global advanced visualization market.

Visualization is a method used to construct pictures, animations, or diagrams to communicate messages. Visualization has growing applications in numerous fields, such as interactive media,medicine, engineering, and research, among others. Computer graphics invention has been the most significant advancement in visualization, and animation has helped large-scale advanced visualization.

In the AV industry, product advances concentrate primarily on the production of more cost-effective, technologically advanced, and user-friendly applications compared to traditional software. Advanced AV solutions simplify working with images produced from different imaging modalities in 3D, 2D, and 4D.As of2017, the overall number of people aged 65 and older surpassed 50 million, according to the U.S. Census Bureaus data, and the number of elderly people is anticipated to increase by almost 18 million between 2020-30.While much smaller in overall scale, it is projected that the number of people aged 85 and older will more than triple from the current approximate 6 million to almost 20 million by 2060.

At the same time, the change from thick clients to thin clients and cloud technology has been a significant advancement in the field of advanced visualization.It will result in the creation of creative opportunities for the market during the forecast era. Furthermore, the growth of the market is escalating with the rising number of targeted therapies worldwide.Also, it is anticipated that specialized workstations and mobile devices will help the markets growth.

The COVID-19 pandemic has adversely affected the end-use industries, leading to weak reimbursement scenarios for diagnostic procedures focused on radiology, technological difficulties, high costs of these systems and facilities, and the shortage of trained practitioners in certain regions.

Advanced Visualization Market

Advanced Visualization Market: By Product & Service

The hardware & software sector accounted for the highest market share during the forecast timeframedue to the growing adoption of advanced visualization in hospitals and the increasing acceptance of AV solutions owing to the ease of incorporating them into PACS. The segment is further divided into post-sale maintenance, training & education services, implementation, and consulting/optimization.Moreover, the increasing development of technologically advanced software is driving the growth of the market.The need for multiple advanced visualization services, most notably training and education services, and implementation services, is growing significantly worldwide.

Advanced Visualization Market: ByType of Solution

The enterprise-wide thin client-based solutions market is anticipated to lead the market share over the forecast timeframe due to the advantages offered, including data transfer technologies, streamlined analysis, improved storing data capacity, and highly centralized post-processing solutions.

Advanced Visualization Market: By Clinical Application

During the projected period, the oncology segment is expected to experience a significant CAGR.The global number of cancer patients is rising, and cancer treatments must therefore be updated in line with national and regional priorities.Over the forecast era, the growing prevalence of multiple cancer forms is expected to fuel the market for advanced visualization systems.According to the American Cancer Society, cancer is responsible for 1 in 8 mortality globally. To scan for disease-related symptoms, people undergo regular check-ups, resulting in a rapid demand for advanced visualization tools. Oncology screening approaches assisted by advanced visualization tools are anticipated to contribute to significant progress in the coming years.

During the forecast era, the interventional radiology/radiology segment market is anticipated to lead the market share.The primary factors driving the growth of the market are the growing adoption of centralized server-based AV software, along with the growing acceptance of AV solutions in the radiology departments.

Advanced Visualization Market: By Imaging Modality

The magnetic resonance imaging (MRI) segment market is anticipated to lead the market share during the forecast timeline. It is due to the rising application of MRI in several clinical areas including oncology, cardiology, and radiology, among others.

the compound tomography (CT) modality to dominate market shareholders is expected over the expected timeframe in terms of sales. It is anticipated that the growing preference for CT over other diagnostic tools will contribute to segment growth during the forecast period. The use of CT helps to minimize stays in hospitals and improve patients comfort.

Advanced Visualization Market: By End-User

The hospitals and surgical centerssegment is anticipated to boost market share over the forecast era. It is due to the growing regulatory compliance in the diagnosis and treatment of diseases and the growth in the number of surgical treatments are some of the major factors influencing the market growth.

The imaging centers segment expected to grow during the expected timeframe at a high CAGR pace.It is due to the rising need for early diagnosis for effective disease control is one of the leading factors for driving the segment growth over the forecast timeframe.

Advanced Visualization Market

Advanced Visualization Market: By Region

The North America region maintains the market-leading position over the projected timeframe in terms of revenue.It is due to the rapid development of technically advanced diagnostic products.The rising cases of chronic illnesses and the existence of better facilities for healthcare services. To minimize healthcare costs and boost quality, information systems have enormous potential.

Furthermore, The Asia-Pacific region indicated a substantial CAGR rate over the forecast era.Moreover, rapid urban growth in developing countries along with the growing consumer awareness about the benefits of advanced diagnostic techniques in effective disease management and growing market penetration of advanced diagnostic technologies are some of the factors that are driving the market for the Asia-Pacific region during the forecast era.The increasing expansion of healthcare and robust R&D infrastructure is expected to push demand for advanced visualizationthroughout the region.

Advanced Visualization Market: Share & Competitor Analysis

QI Imaging, General Electric Company, Fujifilm Holdings Corporation, Terarecon, Inc., Koninklijke Philips N.V.,Carestream Health, Inc. (A Part Of Onex Corporation), Agfa-Gevaert N.V., Toshiba Corporation, Terarecon, Inc., Vital Images Inc., and Siemens AG, among others, are the prime players that compete in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

In November 2020, Vital Images Inc. collaborated with Radboud University Medical Center to provide VNA, a data orchestration engine, to the next generation

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The Global Advanced Visualization Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Advanced Visualization Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Advanced Visualization Market

Advanced Visualization Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Advanced Visualization Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Advanced Visualization Market

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